Generation Investment Management LLP Purchases Shares of 631,598 Freshworks Inc. $FRSH

Generation Investment Management LLP purchased a new position in shares of Freshworks Inc. (NASDAQ:FRSH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 631,598 shares of the company’s stock, valued at approximately $6,392,000. Freshworks accounts for approximately 0.1% of Generation Investment Management LLP’s investment portfolio, making the stock its 28th biggest holding. Generation Investment Management LLP owned approximately 0.23% of Freshworks at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares during the period. Summit Securities Group LLC purchased a new position in Freshworks during the fourth quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in Freshworks during the fourth quarter worth about $36,000. Allworth Financial LP boosted its stake in Freshworks by 479.9% in the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after buying an additional 2,649 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Freshworks by 164.0% in the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock worth $49,000 after buying an additional 3,824 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Freshworks Trading Up 2.7%

NASDAQ FRSH opened at $13.07 on Thursday. Freshworks Inc. has a 52 week low of $6.79 and a 52 week high of $14.06. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 10.61 and a beta of 0.86. The company has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $9.25.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm had revenue of $237.38 million for the quarter, compared to the consensus estimate of $233.62 million. During the same quarter in the previous year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. As a group, equities research analysts expect that Freshworks Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Freshworks news, CAO Philippa Lawrence sold 3,470 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $10.13, for a total value of $35,151.10. Following the completion of the sale, the chief accounting officer directly owned 456,144 shares in the company, valued at $4,620,738.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total value of $69,422.82. Following the completion of the sale, the director directly owned 47,270 shares in the company, valued at $495,862.30. This represents a 12.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,236 shares of company stock valued at $270,331 over the last quarter. Corporate insiders own 8.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price objective on shares of Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Guggenheim began coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Robert W. Baird set a $13.00 target price on Freshworks in a research note on Wednesday, August 5th. Citigroup reissued a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Finally, Morgan Stanley lowered their price objective on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.17.

About Freshworks

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.